Do you need either PayPal so that foreigners can transfer money to your account, or is a regular Visa card enough?

Do you need either PayPal so that foreigners can transfer money to your account, or is a regular Visa card enough?

Banks and Credits Cards That Won't Rip You Off While Traveling in Foreign Countries

Previous questionHow to upload photos to instagram from pc online without downloading any programs?
Next questionWhy didn't YouTube ban Brendan Maclean's House of Air video?

answers (2)

Answer 1
August, 2021

I will explain about money transactions through PayPal. What I know as a developer of web systems with various payment methods.

From the client's side (end-user, user, payer):

  1. Firstly, it is convenient that you do not need to enter information about the CC every time you pay via the Internet - once you have a PayPal account, tied the CC (or a bank, if you are in America) - and that's it! To pay, it is enough to log into PayPal, which the browser can do for you. A couple of clicks and you paid.

  2. Secondly, there is no need to worry about the security of the payment - online payments via PayPal are redirected to secure pages of PayPal Payment Gateway, and they know a lot about this! Your CC data is stored only in PayPal, not in the database of some unknown online store.

From the side of the business (recipient of payments):

  1. Possibility to divide cash flows and control them separately for different businesses (business areas). For example, if you have several online stores, then you can create your own PayPal account for each and control the balance / income / expense. Also useful for calculating taxes.

  2. Your bank details are hidden from your customers. They don't know which bank is associated with your account, which country it is located in, etc. This is sometimes convenient when dealing with different political or national nuances between the parties. For example, you can make a deal with an Iranian client, being an Israeli citizen :-)

Well, there are many more nuances, but in general, direct bank transfers are used more often when transferring significant amounts in order not to pay 3% to PayPal.

P.S. SWIFT is one of the many ways to transfer money. Direct transfer requires IBAN - international bank account number

Answer 2
August, 2021

No, not required. Foreigners will be able to transfer money to your bank account if you provide them with your account details (just remember that a 20-digit account number and a 16-digit card number are not the same thing). Fortunately, SWIFT still works in Russia. Just in case, I recommend that you check with your bank before that which details you need to specify in the payment order to the sender of the money.

Related question

How to free up the phone's memory if you donโ€™t want to delete all important photos, but there is not enough memory on your computer (for other reasons ... but you donโ€™t have extra money to buy a memory card either)?

Read more

How can a hacker, in theory, transfer huge amounts of money to his account, hack into banking systems, go unnoticed, do it from home only through a PC? What do you need to consider and know?

Read more

How to set up Tor browser so that you can log into your account on sites?

Read more

Monese - is the easy-in & transparent account the best in ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ฌ๐Ÿ‡ง? Review with app walkthrough 2019

What to do if a friend's account has been hacked and asked to transfer money through it?

Read more

Is it possible to steal money from a contactless card if it is in your pocket or wallet?

Read more

Accidentally deposited money on the account of his mobile phone, the operator "Beeline". I don't use a SIM card. Where and how can you use them profitably?

Read more

How long do you need to leave your VK account to be deleted?

Read more

What courses do you need to take so that you can work as a programmer in large IT companies?

Read more

OK: How to Set Up PayPal in Korea 2019

What happens if you cheat Aliexpress, when you receive the goods by mail, open a dispute with a complaint that the goods did not reach and demand either to send a new one or return the money?

Read more

Can you measure your skills and abilities in a specific area? For example, design, programming, or a foreign language.?

Read more

Do you agree that the future belongs to robots, and humanity will have to either completely disappear or become robots?

Read more

How to get a Schengen visa inexpensively? What documents do I need to provide and can I visit several countries at once?

Read more

What to study so that you can make money on the Internet in the future?

Read more

How to use Alipay without a Chinese Bank Account. No work visa needed!

Are there e-books that make PDF easy to read? Or do you need a tablet?

Read more

Is it realistic to make money on applications where you need to download programs to your phone for a small fee? Is there a catch in these applications?

Read more

Why has Wikipedia gone so far as to ask its users for money? What were the creators hoping for if it is obvious that money is needed to maintain a large resource?

Read more

Where is the best place to start blogging so that you can make money on advertising if there are a lot of readers?

Read more

Is higher education enough to take a job as a janitor? What other skills, abilities, diplomas, certificates are needed? What advice can you give?

Read more

paysafecard - perfect for Analogue Nomads? ๐ŸŒ cash in, spend online, & ๐Ÿ‡ช๐Ÿ‡บ Debit Card. User Review

How to find clothes and shoes of your size for free or for a meager fee, so that you can remake them later?

Read more

Answer once and for all: what can I do so that no one can track my computer, or so that it would be extremely difficult to do this?

Read more